Which of the Following Could Be Described as Being in Double

question 112

Multiple Choice

Which of the following could be described as being in double jeopardy?

• A) Rose, a black woman
• B) Ben, an older white man
• C) George, a Mexican American man
• D) Mary, a white woman

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Definitions:

Insures Deposits

A guarantee provided by government or private entities that deposits in banks are protected up to a certain limit in the event of a bank failure.

Commercial Banks

Commercial Banks are financial institutions that accept deposits, offer various banking services like loans and mortgages, and play a significant role in the financial system.

Great Depression

The Great Depression was a severe worldwide economic downturn that lasted from 1929 to the late 1930s, marked by massive unemployment, deflation, and widespread poverty, affecting many countries around the world.

Lender of Last Resort

A role usually performed by a central bank, providing funds to financial institutions facing financial difficulty to prevent systemic collapse.